Archive for: 29588

 

• New 20 Year Absolute Triple Net at Close of Escrow with Surfside SNS, LLC
• 10% Rent Increases Every 5 Years
• Four (4) x Five (5) Year Options to Renew
• Ideal Location along Highway 17 in Surfside Beach (Myrtle Beach MSA). Neighboring Tenants Include Walmart, Firestone, Lowes, Publix, Bonefish Grill and Kohl’s
• Excellent Demographics with Over 35,000 Residents within a 5-Mile Radius and 70,000 Vehicles Per Day Along I-95
• Lease is Structured at a 8.5% Rent To Sales Ratio Based on 2015 Sales
• Sale Leaseback will Reduce the Tenant’s Current Monthly Expenses and Increase Overall Business Profitability